Joseph Schildkraut's Academy Award holds $2,500 minimum bid

The early Academy Award was presented to Joseph Schildkraut for The Life of Emile Zola

A 1937 Academy Award presented to Joseph Schildkraut (1896-1964)as Best Supporting Actor in The Life of Emile Zola is to auction as part of Nate D Sanders' latest online sale, which ends on September 26.

Early Academy Awards are in high demand among collectors

The award, obtained from Schildkraut's estate, was presented at the 10th Academy Awards, with The Life of Emile Zola also taking home the Best Picture and Best Screenplay awards. It is selling with a minimum bid of $2,500.

Schildkraut, an Austrian-American, was a highly-successful actor of Hollywood's golden age, with notable performances including The Diary of Anne Frank, The Three Musketeers and The Greatest Story Ever Told.

The academy introduced a rule in 1950 preventingrecipients frompassing awards on.Those from pre-1950 can be legally sold at auction, however, yet are scarcely seen.

The current auction record for an Oscar is held by theBest Filmaward for Gone with the Wind, which was bought by Michael Jackson for $1.5m in 1999.